Larsen and Toubro shares slid about 4% after Q4 net profit fell 3% year on year to Rs 5,326 crore. Revenue, however, climbed 11% to Rs 82,762 crore, with international business contributing more than half. EBITDA grew 5%, suggesting operations stayed resilient across engineering and services even as profits cooled.
Larsen & Toubro said its subsidiary L&T Realty Properties has purchased a 100% stake in International Green Scapes Ltd (IGSL), paving the way to develop 20 acres of prime land in Gurugram. The acquisition strengthens L&T Realty’s development portfolio in NCR and signals continued focus on expanding real estate prospects in a key urban corridor.
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Larsen & Toubro has incorporated wholly owned subsidiary Vyoma.AI to launch data centres and AI infrastructure, positioning it as a next-gen sovereign AI cloud. The company plans jurisdiction-first architecture so enterprise data, workloads and systems stay within approved Indian regulatory boundaries. Vyoma follows L&T’s NVIDIA partnership and its AI-first sovereign cloud platform launched earlier this year.
Larsen & Toubro says it will deepen its role in India’s nuclear buildout, citing decades of involvement in technology development, manufacturing and localisation. The firm expects its revenues to triple within five years, tied to the government’s plan to expand nuclear capacity from about 8.8 GW today to 100 GW by 2047.
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